Expectations for remarkable development in Vietnam's new era

Song Minh |

During the program to attend the 55th Annual Meeting of the World Economic Forum (WEF Davos 55), on the morning of January 21, local time, in Davos, Switzerland, Politburo member, Prime Minister Pham Minh Chinh attended and spoke at the Vietnam National Strategy Dialogue with the theme: "Unleashing Vietnam's growth potential: Promoting investment and innovation for a strong future".

At the Dialogue session, the corporations expressed their strong impression of the economic growth rate of over 7% in 2024 and the management results of the Vietnamese Government in the context of the world economy facing many difficulties and challenges. The corporations shared and highly appreciated the attractive investment opportunities of the Vietnamese economy.

Analyzing the growth potential in Vietnam, the Prime Minister stated that in 2025, Vietnam will continue to prioritize promoting growth associated with maintaining macroeconomic stability, controlling inflation, ensuring major balances of the economy, striving to achieve a growth rate of at least 8% in 2025 and reaching double digits in the following years, ready to enter a new era, an era of national growth, strong, civilized, prosperous development, with people increasingly well-off and happy.

Along with that, Vietnam focuses on drastically implementing three strategic breakthroughs including institutions, infrastructure, and human resources in the spirit of open institutions, transparent infrastructure, and smart human resources and governance. Vietnam has the basis and foundation to achieve the set goals and is increasingly gaining more experience, confidence, courage, and resources to continue developing in the new era.

Sharing about some strategic infrastructure projects, the Prime Minister said that Vietnam plans to complete the North-South high-speed railway in about 10 years, and is expected to start construction on the railway project connecting with China, Central Asia, and Europe in 2025; the nuclear power plant is expected to be completed in 5 years; at the same time, many large projects on airports, seaports, and highways are being strongly promoted to reach the finish line on time, striving to have at least 3,000km of highways in 2025.

Enterprises expressed their impression with the determination and commitment of the Vietnamese government to improve the attractive investment environment. Enterprises have high expectations for the new era of the Vietnamese nation with outstanding development in quality and quantity of the economy, said that they will accompany Vietnam in the coming period and determined to expand investment and business in Vietnam as a long-term development strategy of enterprises.

Speaking at the seminar towards the United Nations Ministerial Conference on Trade and Development (UNCTAD 16): The Future of Global Trade and Development in the Smart Age on the afternoon of January 21, the Prime Minister said that we must grasp the "smart era" comprehensively from four different aspects, including from the geopolitical and security aspects of peace and cooperation; from the economic aspect of rapid and sustainable development; from the environmental aspect of sustainable exploitation and use; from the social aspect of progress, social justice, leaving no one behind.

Vietnam - Switzerland agree to elevate relations

On the same day, January 21, Prime Minister Pham Minh Chinh held talks with President of the Swiss Confederation Karin Keller-Sutter. The two leaders agreed that the current period is the right time to elevate the Vietnam-Switzerland relationship to a Comprehensive Partnership; and agreed that the two sides will continue to coordinate closely to concretize the contents of the Comprehensive Partnership.

The Prime Minister appreciated Switzerland's plan to continue supporting Vietnam in the field of development cooperation for the 2025-2028 period. The Swiss President welcomed the Prime Minister's proposal and expressed his willingness to expand cooperation with Vietnam in areas such as innovation, digital transformation, high technology, AI, semiconductors, climate change response, carbon credit trading, experience sharing, and support for the construction of Vietnam's international financial center Ho Chi Minh City.

Song Minh
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